Denver’s Liberty Oilfield Services IPO rolls out strong

Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty”) announced today the pricing of an upsized initial public offering of 12,731,092 shares of its Class A common stock at $17.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “LBRT” on January 12, 2018. In addition, Liberty and the selling shareholder granted the underwriters a 30-day option to purchase up to an additional 1,909,663 shares of Liberty’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on January 17, 2018, subject to customary closing conditions. Read more

Refracturing Extends Lives Of Unconventional Reservoirs

Refracturing often is considered the best option for combatting production declines in unconventional reservoirs. Decline rates from SRR wells usually are more rapid than wells in conventional reservoirs because of their ultralow permeability, limited reservoir contact, and the original completion strategy.

The success or failure of refracturing can have implications for field development.
The desire to reinvigorate wells by performing secondary or tertiary hydraulic fracture stimulation treatments has been present for many years. The need for improving production above the economic break-even point and tapping additional portions of the reservoir are lofty goals that have proven difficult,
if not impossible, to achieve in conventional reservoirs. Read more